In this episode, Scott discusses 5 quick notes on stories we are following this AM.
- The big story we are following this AM is the collapse of SVB and likely the collapse of several other regional banks.
- Treasury yields dropped a huge amount overnight as investors move to treasuries. ie the 1 year has dropped around 70 basis points.
- YTD markets have given up almost all of their gains. The Nasdaq is still up 7.24%, the S&P is near even and the Dow is now down 3.70%.
- Futures have been all over the place in the last 24 hours as people try and assess the crisis situation of US banks and the Fed.
- Bitcoin rose almost 10% since Friday.
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